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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
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9 December 2024 | 10 replies
In the Tucson area if you want to be in a nicer area the price point is between 250-300k I am definitely open to a fixer upper/ possible flip.
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12 January 2025 | 185 replies
So you can imagine someone on their own.. can they scare up a deal sure.. but this is by no means open seasons easy to do.
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30 November 2024 | 12 replies
I use Executive Villas and they just charged me $500 to repair some table legs and replace the batteries on a remote.
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11 December 2024 | 35 replies
If that makes more sense though by all means I’m open as I am brand new to this game.
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11 December 2024 | 6 replies
Personally, I think that renting by the room opens up a can of worms for a lot of people.
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9 December 2024 | 9 replies
@Ella VolneyTypically, you can only find a lender in the country where the property is located and, if you're not a resident there, it will be more difficult if not impossible, depending on the country.When it comes to investors, they need to be open to the idea and then you need to have opportunities that fit within their right risk/return profile.
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10 December 2024 | 39 replies
I would love some honest feedback to see if I am way off asking over a million for this property. 3 years since we started, every year gets better and 2024 was the first year with all units opened. $185k revenue. $100k expenses.
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9 December 2024 | 21 replies
There are other communities that would have better opportunities to cash flow.Although there is no guarantee of future income on any STR, I believe that 2025/2026 we will see a good increase in travel, mainly due to EPIC opening and the overall attitude of 'the people' coming off of the election.